RUSSIA: ARCHANGEL DIAMOND SUES LUKOIL.(Brief Article) From: IPR Strategic Business Information Database | Date: December 12, 2001 | COPYRIGHT 2001 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Archangel Diamond Corporation sued Russian oil giant LUKoil and a subsidiary on 27 November, claiming fraud and other claims and seeking $1 billion in damages, AP reported. The lawsuit, filed with the Denver District Court in the United States, accuses LUKoil and its subsidiary, Arkhangelskgeoldobycha, of not honoring agreements to give Archangel Diamond 40 percent interest in a diamond discovery in northwestern Russia worth more than $5 billion. Archangel, based in Lakewood, Color...